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1、Copyright 2022 Tech Mahindra.All rights reserved.Manage Complex Collection Reconciliation using RecoNext Copyright 2022 Tech Mahindra.All rights reserved.Hub Theater Hub Theater Session THR3810 Session THR3810:Oracle AI World:Oracle AI World 20252025Prasanna BelgaliPractice Head Oracle Enterprise Pe
2、rformance ManagementCopyright 2022 Tech Mahindra.All rights reserved.Telcos must reconcile billing information from multiple systems with payments from millions of customers.Retail and e-commerce companies have huge daily volumes&face significant recon challenges Batch Payments(Payment Gateways)&Int
3、ercompany transactions.Hospitals and Healthcare Providers need to reconcile billing information with payments from insurance companies and patients.Energy&Utilities companies require large scale recon solution to ensure proper billing and collections for their millions of customers.Logistic companie
4、s managing vast number of shipments and payments need robust reconciliation to track payments.Hospitality industry manages large volumes of credit card&other payments that should be reconciled with internal accounting records.Collection Reconciliation User StoriesCopyright 2022 Tech Mahindra.All rig
5、hts reserved.Maintaining accuracy of reconciliation process with calcellations,bad payments and sales returnMatching of detailed transactions manually is practically impossible.Summarized matching leads to loss of confidence in the reconciliation processMeeting Leaderships requirement of accurate da
6、ily and monthly collections dashboard with traceability to details Intricacies implementing 2-way/4-way matching for sofisticated reconciliationTypical ChallengesCopyright 2022 Tech Mahindra.All rights reserved.Automated collection reconciliation having millions of transactions/month with 97-99%auto